on Zeus North America Mining Corp. (isin : CA98956B1031)
Zeus North America Mining Corp. to Acquire Nevada Copper-Gold Properties
Zeus North America Mining Corp. has signed a binding Letter of Intent to acquire a 90% interest in the Delker and Bulls Eye copper-gold properties in northeast Nevada. This move aims to enhance Zeus’s foothold in the top-ranked mining jurisdiction globally, noted for its promising base metal trends.
The Delker property, located near Elko, Nevada, boasts historic copper and gold production and ongoing exploration efforts. Its geological setting is ripe with potential, supported by past and current exploration yields. Significant past companies in the area underscore its value, with Pegasus Gold Corp.'s drilling revealing notable gold anomalies.
The Bulls Eye property, also near Elko, shows potential for a buried porphyry, indicated by magnetic and gravity highs. Zeus plans focused exploration and geological assessments to leverage the properties' full potential.
The agreement includes several financial and share-based commitments over a three-year span, ensuring Zeus's dominant stake in these promising territories.
R. E.
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